H 3948 General Bill, By Campsen, Loftis, Cotty, Tripp, Limehouse, Lourie, Altman, Cato, Chellis, Easterday, Hamilton, Harrell, Leach, Lucas, Ott, Rice, Robinson, Scarborough, D.C. Smith, Stille, Townsend and McLeod
Summary: College Investment Account Program (SCCIA Program), Trust Fund; Universities, Tuition; Treasurers, State; Banks
    A BILL TO AMEND TITLE 59, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EDUCATION, BY ADDING CHAPTER 2 SO AS TO CREATE THE SOUTH CAROLINA COLLEGE INVESTMENT ACCOUNT (SCCIA) PROGRAM TO ESTABLISH A COLLEGE INVESTMENT PLAN FOR QUALIFIED HIGHER EDUCATIONAL EXPENSES; TO PROVIDE THAT THE OFFICE OF STATE TREASURER SHALL MANAGE THE SCCIA PROGRAM, TO PROVIDE FOR THE MANNER IN WHICH THE PROGRAM SHALL OPERATE; TO PROVIDE FOR AND DEFINE SAVINGS TRUST AGREEMENTS; TO PROVIDE THAT CONTRIBUTIONS TO A SAVINGS TRUST AGREEMENT ARE DEDUCTIBLE FROM SOUTH CAROLINA INCOME SUBJECT TO TAX UP TO SPECIFIED LIMITS; AND PROVIDE FOR RELATED MATTERS.
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04/18/01	House	Introduced and read first time HJ-5
04/18/01	House	Referred to Committee on Ways and Means HJ-5
05/16/01	House	Committee report: Favorable with amendment Ways and Means HJ-9
05/17/01	House	Amended HJ-23
05/17/01	House	Read second time HJ-34
05/17/01	House	Unanimous consent for third reading on next legislative day HJ-34
05/18/01	House	Read third time and sent to Senate HJ-2
05/22/01	Senate	Introduced and read first time SJ-19
05/22/01	Senate	Referred to Committee on Finance SJ-19